I have never had that occur, it is still going to be sold whether by Sheriff's sale or Bank so typically you cant get it back. However I did know of a fellow that was losing his house and the family was able to buy it as a short sale from the bank in time before the foreclosure process. I hope all works out.
Helen Cocuzza Realtor Associate
Better Homes & Gardens Real Estate Mary Holder Office... more
Thanks for your questions.
If the prospective buyer has walked away or thinking about it after the bank has approved the short sale try to find out the actual reason for deciding not to purchase the home. Did he/she just get cold feet and need some assurances or is it their mortgage company having a problem with his/her paperwork?
There maybe things to be done. If by any chance the buyer still does not want the house any longer then your Realtor can put the house on the market again and advertise it that it got approval and waiting for the right buyer.
Good luck in the sale of your home.
It likely means that the source feed of the listing has expired - my suggestion to you is to contact the broker/agent to ask specifcally about the status of the property.
Unwavering Commitment to Service... more
Time frames vary after the NOD. The next step is to set the trustees sale date (foreclosure sale date) but it can take several months for the bank to do so and it is typically three months from when they to file. Sometimes the bank will work with the borrower extending these dates while working on a loan MOD or short sale.
Realty world & Associates... more
What is hard to understand, is where you are getting the data from. There usually is not an end date to a Lis Pendens(pre-foreclosure) Filing. If you are using various free websites, most likely the information is not correct. It is difficult to answer your questions without know what you are looking at for the information. If you want, email me the address, and I can look up the actual filing for you and email it you. I pay for this service, so the data is more complete and accurate. This way you will have the most accurate data available for whatever you are looking to accomplish. Hope that helps.... more